earnings
confidence high
sentiment positive
materiality 0.85
Cadence FY2021 revenue $2.988B, GAAP EPS $2.50, non-GAAP $3.29; guides FY2022 rev $3.32-3.38B
CADENCE DESIGN SYSTEMS INC
2021-FY EPS reported
$2.50
revenue$2,988,244,000
- Q4 2021 revenue $773M, GAAP EPS $0.63, non-GAAP EPS $0.82.
- FY2021 GAAP operating margin 26% (up from 24%), non-GAAP 37% (up from 35%).
- FY2021 operating cash flow $1.101B, free cash flow $1.036B.
- FY2022 guidance: revenue $3.32-3.38B, GAAP EPS $2.46-2.56, non-GAAP EPS $3.70-3.80.
- Announced Q1 2022 outlook: revenue $850-870M, non-GAAP EPS $1.00-1.04.